Posts by :

Gold gains $40 during week as US dollar dips

The price of gold rose sharply this week, adding over US$40 to end Friday’s session at US$1,679 per ounce. Demand for the yellow metal was driven by weakness in the US dollar, which fell against the euro as positive developments in the European debt crisis boosted Europe’s single currency.
Featured Post

Pan African Resources buys Evander for $178 million

Pan African Resources (LON:PAF) has successfully concluded months of negotiations and has now entered into a deal with Harmony Gold to buy the operating Evander gold mine in South Africa. The acquisition will double Pan African's annual gold production to approximately 200,000 ounces.